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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (470)2/22/2000 6:35:00 PM
From: Dundee Maples  Read Replies (1) | Respond to of 976
 
Thanks Claude. I am pleased that they have been able to raise all that money without going through major stock dilutions. The money is in the bank, the palladium is on their land, and the commodity is in hot demand. Sound interesting.

As for the future prices of palladium, looking at the trend over the last three years -- prices look like they are going to rise.

Palladium looks to be in short supply and usage is growing. I am thinking that that palladium is being lead by rhodium.

Rhodium Palladium
Jan 97 approx. $204 $121
Jan 98 approx. $372 225
Jan 99 approx. $786 321
Jan 2000 approx.$2300 5xx
Today 2500 770

(prices from Kitco)
I have absolutely no idea who produces rhodium, but I do know darn few people mine palladium. With all the interesting things going on in Russia, it looks worthwhile to bet on PDL.

But only time will tell.



To: Claude Cormier who wrote (470)4/4/2000 2:38:00 AM
From: Ptaskmaster  Read Replies (1) | Respond to of 976
 
Claude, what do you think of the new financing arrangements just announced by North American Palladium? Your thoughts
would be appreciated.

Ptask

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